Dec, 31, 2023 — MOBILE GOVERNMENT EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 2 branch locations and about $20.87 million in total assets. Opened 96 years ago in 1928, MOBILE GOVERNMENT EMP. CREDIT UNION has about 714 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOBILE GOVERNMENT EMP. CREDIT UNION |
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Address: (Main Office) | 109 Saint Joseph St MOBILE, AL 36602-3605 |
Phone: | (251) 694-4100 |
Fax: | (251) 694-4316 |
Website: | https://mobgecu.com |
Branches: | 2 branch locations |
Members: | 714 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61339 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,865,997 |
CEO/Manager: | WINIFRED A MAIBEN |
Chairperson: | Janet M DRISKELL |
ASSETS: | $ Amount |
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Cash & Equivalents | 131,777 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,360,938 |
Unsecured Loans | 253,870 |
Other Loans | 2,167,543 |
TOTAL LOANS | 3,782,350 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,479 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 193,464 |
All Other Assets | 0 |
TOTAL ASSETS | 20,865,997 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 800,000 |
Accounts Payable & Other Liabilities | 180,206 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 14,224,697 |
All Other Shares & Deposits | 2,448,621 |
TOTAL SHARES & DEPOSITS | 16,673,318 |
TOTAL LIABILITIES | 17,653,524 |
Regular Reserve | 0 |
Other Reserves | 1,632,565 |
Undivided Earnings | 1,579,908 |
TOTAL EQUITY | 3,212,473 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,865,997 |
INCOME & EXPENSE | |
Loan Income | 154,042 |
Investment Income | 462,498 |
Other Income | 4,292 |
Total Employee Compensation & Benefits | 240,833 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 94,706 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 287,108 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -21,815 |
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